Xiaomi's Apple TV rival streams 4K HDR video and runs on Android TV

Chinese tech juggernaut Xiaomi may be best known for making high-quality smartphones like the new Mi 5 and selling them at low prices, but the company has made it very clear it wants to become a household electronics giant that can rumble with the likes of Samsung and Apple on a global scale. At Google's annual I/O developer conference, Xiaomi announced plans to bring its Mi Box media streaming box to the U.S. first and to other regions afterwards. The Mi Box was previously a China-only device.